3 Mortgage Fund Track Record Today From syndicator to Fund manager One of the largest non-bank commercial real estate mortgage lenders in Canada Over $1.5 billion of capital invested in Fund 20 Years of Consistently Strong Performance 3

17 Augusta, GA 2 nd largest city in Georgia (550,000 population) Stable job base Anchored by Fort Gordon Military Base, NSA, Plant Vogtle and Savannah River Site Home of the Masters Golf Tournament Over 250,000 visitors per year Easy access to Atlanta and Columbia, S.C. Interstates 20 and 520 run through Augusta Awards & Accolades 20th in the Nation for Economic Performance Brookings Institute, 2015 Employment forecasted to grow by 3.1% Georgia State University, 2015 Ten Sizzling Mid-Market Economies in the South Southern Business & Development Magazine, 2015 #2 Digital City Center for Digital Government, 2014 & nd Most Recession-Proof City Money Magazine, th Most Resilient Metro Economy in the Nation Brookings Institute,

23 Augusta, GA 2 nd largest city in Georgia (550,000 population) Stable job base Anchored by Fort Gordon Military Base, NSA, Plant Vogtle and Savannah River Site Home of the Masters Golf Tournament Over 250,000 visitors per year Easy access to Atlanta and Columbia, S.C. Interstates 20 and 520 run through Augusta Awards & Accolades 20th in the Nation for Economic Performance Brookings Institute, 2015 Employment forecasted to grow by 3.1% Georgia State University, 2015 Ten Sizzling Mid-Market Economies in the South Southern Business & Development Magazine, 2015 #2 Digital City Center for Digital Government, 2014 & nd Most Recession-Proof City Money Magazine, th Most Resilient Metro Economy in the Nation Brookings Institute,

24 Location Map 24

25 Aerial Map 25

26 Canadian Comparable Chelsea Place Chelsea Place Suburban location in St. John s, Newfoundland 102 units $21.4 million development cost $213K per suite Opened in 2015, built to a 5.0% cap rate 26

27 Property Typical Suite 27

28 Competition in Augusta Park at Flowing Wells Haven at Reed Creek Estates at Perimeter Brigham Woods Ansley at Town Center The Glen at Alexander 28

34 Gateway Crossing This presentation is for informational purposes and is not an offer to sell or a solicitation to buy or subscribe for any securities, nor does it constitute investment, financial or other advice. Prospective investors should contact their own investment advisor. Information pertaining to the investment provided herein is not to be construed as a public offering of securities in any jurisdiction of Canada, nor is this presentation to be construed as an offering memorandum. Information provided herein is considered current as of the date of this presentation, but will not necessarily be updated. Information in this presentation provided by third parties is believed to be reliable, but has not been independently verified. Neither Romspen Real Estate Investments Inc. ( RREII ), Romspen Investment Corporation (the Agent ), or Romspen US Real Estate Fund GP Inc. guarantees the accuracy or completeness of such information and assumes no responsibility for any errors or omissions. The offering of units of limited partnership interests ( Units ) in a limited partnership to be formed ( Issuer ) will be made on a private placement basis pursuant to a term sheet and the subscription agreement for Units, and will be subject to the terms of the limited partnership agreement governing the Issuer s affairs (together, the Materials ). Units will be offered only to those investors in certain jurisdictions of Canada who meet certain eligibility requirements under applicable securities legislation. Important information about the Units and the Issuer will be contained in the Materials, copies of which may be obtained from the Agent, and the information in this presentation is subject to, and qualified in its entirety by, the Materials. Please read the Materials carefully before investing. In the event of an inconsistency between this presentation and the Materials, the provisions of the Materials will prevail. Any indicated rates of return are the historical rates of return for the periods indicated, are not necessarily indicative of future performance, and do not take income taxes into account unless indicated. Actual results may vary, and will fluctuate from time to time. There is no guarantee that the full amount of the original investment in the Issuer will be returned. Forward-Looking Information This presentation contains forward-looking information within the meaning of Canadian securities legislation. This information and these statements, referred to herein as forward-looking statements, are made as of the date of this presentation or as of the date of the effective date of information described in this presentation, as applicable. Forward-looking statements relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as expects, anticipates, plans, projects, estimates, envisages, assumes, intends, strategy, goals, objectives or variations thereof or stating that certain actions, events or results may, can, could, would, might or will be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. All forward-looking statements are based on current beliefs as well as various assumptions made by, and information currently available to RREII. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Persons reviewing this presentation are cautioned not to place undue reliance on these forward-looking statements, as a number of important factors could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates assumptions and intentions expressed in such forward-looking statements. These risk factors may be generally stated as the risk that the assumptions and estimates expressed above do not occur, but specifically include, without limitation, risks relating to general economic conditions, competition from other market participants, the ability to access capital, and the risk of fluctuation and variation in actual operating results, which variation may be material, risks incident to real estate ownership, effect of the economy and public finances, competition for tenants, fixed costs of properties, and environmental matters. The foregoing list of factors that may affect future results is not exhaustive. When relying on our forward-looking statements, readers of this presentation should carefully consider the foregoing factors and other uncertainties and potential events. Neither RREII, the Agent or the Issuer undertakes to update any forward-looking statement, whether written or oral, which may be made from time to time by or on its behalf, except as may be required by law. All opinions in forward-looking statements are subject to change without notice and are provided in good faith but without legal responsibility. This presentation is confidential and is not to be distributed without the Agent s consent. 34

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